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Products & Services  |
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Our Products and Services
Amicorp Bank and Trust offers a wide range of services and diverse products to manage the assets of a demanding clientele. |
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| General Services |
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Opening of multi currency accounts
Upon signing client trust account opening documentation with us, clients receive a client trust account number. Client trust accounts can be opened in US dollars or Euro. Consolidated account statements will be provided on a regular basis, and accounts can be accessed through electronic banking.
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Opening of investment accounts
Upon signing client trust account opening documentation with us, clients receive a client trust account number. Investment trust accounts can be opened in US dollars or Euro as base currency. The account opening documentation includes a mandate in which Amicorp Bank and Trust accepts the client’s instructions how to invest and handle the client’s funds and to place these on behalf of the client, at the client’s own risk, in selected financial instruments or predefined investment strategies and maintaining these in custody on their behalf. Amicorp Bank and Trust does not provide investment advice. Consolidated account statements will be provided on a regular basis, and accounts can be accessed through electronic banking.
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Global payment services, swift connection
Through its sophisticated network of correspondent banks and its own Swift connection, Amicorp Bank and Trust will efficiently carry out all required payment services in convertible currencies.
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Foreign exchange and hedging solutions
To provide its clients with adequate hedging solutions Amicorp Bank and Trust can execute Spot and Forward transactions in major currencies. Other hedging instruments can be tailored upon requirement.
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Global custodian services
Amicorp Bank and Trust can be the custodian of a broad range of financial instruments such as mutual funds, securities, privately and publicly issued notes etc.
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Structuring services for private or public placements
Amicorp Bank and Trust can structure private or public placements, which can be quoted at different stock exchanges.
- Paying agent for private or public placements
Amicorp Bank and Trust acts as paying agent for private or public placements.
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Provides tailor made financial products, services and solutions
Amicorp Bank and Trust develops, in close cooperation with its clients and its partner financial institutions, tailor made products which provide solutions to its clients needs.
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Note:Amicorp Bank and Trust (“the "Bank”) may use the funds and securities from clients it holds in trust for the purpose of making investments on behalf of such clients in accordance with instructions received from such client.
Any funds transferred into the Bank's trust account held at another financial institution shall be deemed to be funds entrusted for safekeeping by the Bank. Such funds will be held in a bank account at a correspondent bank or custodian in the Bank's name designated as a client trust account. All funds credited to the client trust account will be transferred to the designated third party bank to be held by the Bank as trustee, and the client trust account shall be recorded and maintained as a trust deposit account in the books and records of the Bank. The Bank hereby acknowledges and declares that the client trust account and all funds credited thereto are and shall at all times be held in trust for the benefit of the Client. The client trust account and all funds credited thereto shall not be held as deposit accounts and shall not be deemed unsecured, general term deposits or other deposit liability of the Bank. At all times this client trust account will be segregated from the Bank's own funds. The funds may be held with other client money in a pooled arrangement at the correspondent bank or custodian.
The Bank has corresponding banking agreements with first rate banks and custodians that provide access to international financial gateways.
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